praveen.bhatiya

Buy Descending Triangle breakout

Long
NSE:TCS   TATA CONSULTANCY S
Prices were compressed between two converging trend lines thus nicely formed Descending Triangle and gave breakout. Alternate touches on both sides with less white space makes it perfect so one can trade this pattern. RSI is also above 50 confirming the trade decision.

Entry 3000
Sl 2960
Target 3080
Risk/Reward 2

Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
Trade active
Trade active: Trade doing well came closer to target with normal market movement it may hit the target in coming session.
Trade closed: target reached

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